Amazon.com Announces Two-for-One Split of Common Shares
SEATTLE, WA (April 27, 1998)-- Amazon.com, Inc. (NASDAQ: AMZN), today
announced that its Board of Directors approved a 2-for-1 split of its common
shares. Shareholders will receive one additional share for every share held on
the record date of May 20, 1998. The additional shares will be mailed or
delivered on or about June 1, 1998, by the company's transfer agent, ChaseMellon
Amazon.com, Inc., Earth's Biggest Bookstore, is the largest online retailer
of books. Amazon.com offers a catalog of more than 3 million book, music, and
other titles, plus easy-to-use search and browse features, e-mail services,
personalized shopping services, secure Web-based credit card payment, and direct
shipping to customers. Amazon.com has virtually unlimited online shelf space and
offers customers a vast selection through an efficient search-and-retrieval
interface, as well as streamlined ordering through 1-ClickSM technology.
Amazon.com pioneered the concept of syndicated selling on the Internet and has
more than 40,000 members in its Associates Program including AOL.com, Yahoo!,
Netscape, Excite, the AltaVista Search Service, the @Home Network, the Prodigy
Shopping Network, and iVillage.
This announcement contains forward-looking statements that involve risks and
uncertainties that include, among others, Amazon.com's limited operating
history, the unpredictability of its future revenues, and risks associated with
capacity constraints, management of growth, and new business opportunities. More
information about factors that potentially could affect Amazon.com's financial
results is included in the company's Annual Report on Form 10-K for the year
ended December 31, 1997, filed with the Securities and Exchange Commission.
Amazon.com, Earth's Biggest Bookstore, and 1-Click are service marks of
Amazon.com, Inc. All other names are trademarks of their respective owners.